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% -- 10%, 20%, 40%. it is not too much to ask. we could see the economy and americans with some certainty. >> do you think the economy stays or goes down in little bits? do you believe the economy could withstand the effects of allowing the bush tax cuts to expire for all americans, even temporarily? >> that is not all of the discussion. the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if
on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will say more at the end about some of our members who are leaving. it is -- it has been an honor for me to serve as chairman of this committee and also served with my friend, kevin brady, as vice chair. he has been great to work with. i hope there'll be bipartisan success in congress. i look forward to working with him as i change seats in the senate for the next congress. i am grateful to our witnesses, whom i will introduce. before i do that, opening statements. >> i think the chairman for the recognition. this is the concluding hearing from the 112th congress. ,'m behalf of the vice chair kevin brady, on
and the demand for oil -- actually, and the demand for oil continues to decline based on fuel economy standards and other reasons. and yet, with this revolution we still continue to have a problem. and i think the report that we're releasing today, the national strategy for energy security and its subtitle really says it all -- harnessing american resources innovation. and the first point is, how do we leverage this abundance we have in the united states to our maximum benefit? at a time when washington is talking about our fiscal crisis i'd say that the relationship of our oil needs to this crisis itself are close. it might not solve our fiscal crisis but clearly it's a necessary ingredient. every recession in the history of the united states in moden times has been preceded by or happening concurrent with an oil price spike. if we don't have continued growth we can cut all we want and raise revenue all we want, but we'll never find a way to solve our fiscal troubles. and i think this report really looks at how do we leverage this great abundance, this great blessing in the united states, both
to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the president is not being a helpful negotiator, even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pelosi seems perfectly happy putting pressure on the republicans. >> why are w
forward, helping us revive this economy. we don't want to set them back. and so why not do what the senate did several months ago in passing a bill bipartisanly that protects the middle class from seeing their taxes raised? we only need a few dozen republicans, quite honestly, to get that done because we're about to sign a discharge petition that we are going to declare as democrats that we are ready to plass the middle class tax protection act which will make sure that middle-class families do not watch their taxes go up simply because republicans are intent on protecting millionaires and billionaires and are holding middle-class families hostage to that increasing tax. we believe we can end december, certainly before the holidays on a really good note, maybe still having some disagreement but at least let's agree that we're not going to let the american people watch congress play this game of chicken right before the holidays where the american people are the hostages when we know that we have bipartisan agreement on protecting the middle class. and so we are thrilled that mr. walz has t
. >>> now to the numbers that at first glance look like they're very good news for the u.s. economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans joins us from new york. we saw the unexpected drop in the unemployment rate, but christine, take us a little behind the numbers that make up the headlines. >> 7.7% is that unemployment rate, the lowest since december, 2008, from before the president took office. 146,000 jobs created, twice what economists have been expecting. they really didn't see the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on
economy would take off and our country would be so much better off. >> chris, you understand the politics of the house from both sides. can john boehner cut a deal without eric cantor and paul ryan? >> i have a pretty good understanding of the house, but i always am a little afraid of wandering into house republican leadership politics. just to broaden the question a little bit -- i think the question is whether or not the speaker is going to be able to bring a good part of his caucus with him. that or require a united leadership team. >> i am talking short-term -- the next two or three weeks. >> i think that is going to be a requirement. i think one of the decisions the speaker will have to make is whether he is prepared to put a agreement on the floor of the house that might not have a majority of the republicans in the house in support. that is one of the questions. senator corker points out that there are a number of ways you can get to a yes on this, but it is not clear if there is a way to get to yes that necessarily brings a majority of house republicans. not that we cannot get a m
. that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it's a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span 2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. you figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point, mcconnel
are willing to make sure we don't go over this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital being treated for bronchitis and a lingering cough. we told you about that last week when we first found out that
over $250,000 paying a higher tax. they have confidence in this economy, perhaps the reason that your party saw success in the election. what do you make of this notion that, again, some republicans say the president doesn't get small business or economic growth somehow? >> well, i think the american people roundly rejected that. they think the president gets it. that's why they voted for the president. more than that, economists think the president gets it. this really is a balanced approach, and i don't think any credible economist will tell you we can simply cut our way out of the current deficits and debt. we need new revenues, and where should they come from? should they come from a middle class or working families that have really struggled or had setbacks in the last decade, or should it come from families that have done very well and can be asked to do more? if you look at the prosperity we enjoyed during the clinton administration when the tax rates were higher on upper income families, that certainly didn't kill economic growth. we have incredible economic growth during the
about is 350,000 americans in this report alone. a really staggering the state of our economy now. here's a bit more for the labor report. 12 million americans still unemployed. about 40% of them have been out of work for 27 weeks or longer. more than eight million americans only working part time due to the current state of the economy. martha: new comments about the crisis in syria coming from secretary of state hillary clinton. the u.s. and other nations fear that the syrian regime could use chemical weapons against its own people. secretary clinton making it very clear that syrian president bashar al-assad must go. >> let me also be absolutely clear. the united states stands with the syrian people in insisting that any transition process result in a unified, democratic syria. in which all citizens are represented. sunni, alawite, christians, kurds, men, women, every syrian must be included in this process for a new and better future. martha: still far from where we are right now in the country of syria where 45,000 people have been killed under the assad regime. president, secretary
that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, jus
in this country. theit has done nothing to stimulate jobs. it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us out of them for the last four years. all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automat
. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the speaker and david axelrod talked about what the president and speaker might be doing behind closed doors and the reasoning behind it. let's listen. >> both the president and the speaker are very fluent in the basic numbers. they have been living with them for some time now. so as i said, i don't think that there's a lot of mystery about this. the politics has to be traverse. they've got to get through the rocky shoals of grover norquist. >> does that make it easier to keep politics out of it? >> i think it helps for the two men to make a deal that might work for all sides. i sound like i'm a br
and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everything for you. >> i hope news buster has carbonite, so they save all of our transcripts. >> stephanie: right. absolutely. carbonite set it up once and then it's easy, and then all of your files are backed up automatically and continually. you don't want to think about what would happen if you lost everything. financial documents, music, pictures all of that stuff you have in there. unlimited backup space from your computer. carbonite always has one low fee for your small business. i have carbonite at home and here. get it now. plus you debt two free bonus months with your subscription. that's carbonite.com the offer code is stephanie. >> i think your show is absolutely vulgar. i think it's sad. >> stephanie:
wealthy americans are the ones who are creating the jobs and helping to turn this economy around. that remains the big sticking point. those bush era tax cuts, white house saying it should be extended for middle class americans but not for those upper income americans, carol. >> how seriously should we take these negotiations? both sides are negotiating in public, not the greatest way to negotiate in the world, right? >> reporter: right. you sort of have to take it based on the information they give you. there's a lot that goes on behind the scenes. we've seen this play out over the last four years where both sides will sort of throw these sharp elbows publicly, but then they do hammer something out. we do have to take it seriously. you have to get a sense that both sides understand the serious nature of this fiscal cliff and they do want a deal to get done. so they are looking for ways to find some kind of agreement. they are looking at outside groups today as well. the president will meet with half a dozen governors, arkansas, minnesota, utah, wisconsin, republican governor fro
market, and by being perceived as generally sort of willing to play chicken with the economy doesn't sound like a brilliant political move to me. jon: you think that's all talk? >> i think it's a game of chicken, i really do. i think that the republicans would probably get a lot of blame in the beginning, and that's maybe what they are thinking of and they are trying to scare the republicans, but over the long term there is just no way this administration wants to go overt fisca over the fiscal cliff. whether they are willing to turn the wheel last it's possible, but the idea that they are vying with the idea strikes me as preposterous. jon: you write that the news media is essentially biased against republicans and any conservative idea that wins here is not going to gain a lot of favor, so is it a case in which republicans are sort ever dammed if they do, and dammed if they don't? >> that's sort of been the theme of the last four years is that republicans basically can't win. part of what i proposed in that column was basically the shouldl back position of basically adopting or p
of this country's economy. and actually, things are looking up, if you look at -- >> they're not saying that. >> -- the data. >> they're not saying that. i'm saying small business owners will be hurt. >> yeah. >> if you raise taxes. but -- we're talking about compromise. this is my view. you've got your view. you know what the answer is? >> yeah. >> getting together and talking saying, listen, this is what i can live with. you know what? 39.6% is offensive, even raising it 1 percentage point is offensive. why don't we do what warren buffett says and anybody that makes $1 million or more pays 30%, a minimum tax rate of 30%. and you raise the level up to $500,000 instead of $250,000 and i'll go ahead and reluctantly agree to raise the top rate to 37%. that's how deals are done, but you never get there if you don't have a president and congress -- >> but they can't do that now. >> why can't they do that? >> it's the centerpiece of their argument since the campaign and tim geithner on the sunday shows. they say there is no deal about raising taxes on the wealthy. >> and they're right. the matter
that really makes the entire economy go. alisyn: is the problem that the fha facing still about low-income borrowers, the very demographic that got them in trouble with mortgages to begin with? >> reporter: there is a whole lot of that. you see it up and down the spectrum. you see wealthy people who ended up in homes they shouldn't have pwougtd. it was mone bought. money was so easy to get. the housing market isn't recovering because you can't get money to pweufplt the interest rates so low, lots of product out there on the market place to buy. can you get a loan? maybe not. >> it's so hard to get a mortgage even with all of these great rates. when can that turn around? >> reporter: you think if the economy would pick up and employment recovered, as soon as people get jobs and they start getting a paycheck, they can make all their bills then they start thinking about buying that next house or maybe upgrading. a lot of people aren't upgrading right now because they are underwater in their mortgage, they owe more than theworth. they are sitting tight until something improves. it's a r
to increase the deficit. it's not going to create jobs. it's not going to inject demand into the economy that will create jobs. this is a bad deal all around. what we need is to make a judgment about what we do. does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth during this past decade. we're finally now after ten straight years of manufacturing job decline hitting places like toledo and cleveland and cincinnati particularly hard, we're seeing now in the last two years after the auto rescue, after we're doing some of the right things here, we're seeing job growth. i agree with what nancy pelosi said. history improves itself. >> so based on history, this is about
nexium. i can't afford to ignore our retirement savings not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> that viral video, "gangnam style" launched south korean rap sensation psy into the spot light. the most-watched youtube video ever. tonight, his lyrics from years ago and anti-american words are causing anger here at home, just as he prepares to perform for the president. here's muhammad lila. >> reporter: call it controversy, "gangnam style." long before it sparked a dance craze, he performed at a politically charged concert in 2004 with anti-american sentiment running high after a korean missionary was killed in iraq. he sang these lyrics. kill those bleeping yankees who ha
don't think it matters this is just a dog and pony show, the economy is in trouble. lou: thank you very much. appreciate it. on that happy note. >> thank you, lou. lou: what the bleep just happened. thank you. for us that is it good night from new york. neil: influential tea partier jim demint is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know it is dead. i am neil cavuto, allow me to be so blunt to say, what else can you say about a light taken out of the party, republicans who 1 proudly school their tax drowned over decades, seeding that and then some over weeks, only real debate among the grand old party is how much to hike taxes, not if. i did not know they lost their backbone. starting 800 billion in tax hikes to match the president, shouldn't surprise anyone whether we doubled that to $1.6 trillion, that will become the new starts point for the president. new york times and front page story praising john boehner's grip to the party here, appears to be towing to
's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put back in. so, you know, worst things could happen. >> well, listen, alan simpson and i go back to his sound from the "today" show, eugene. he said anyone talking about it in that way, there's stupidity involved. he didn't say, eugene, you better not because you're my buddy, but the reality is even our first read team says this notion or all of this media hype about
are an economy that is driven by consumer demand. i cannot think of anything that would be more guaranteed to put the economy in a recession than increasing the price of all goods and services that we purchase by 20-25%. >> host: we'll give brad on twitter the last word here. he says negotiate and simplify, let the republicans lower taxes and get rid of the amt. john buckley, thank you for your help this morning in helping us try to understand the alternative minimum tax, appreciate it. >> guest: okay, good. >> in a few moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and
. that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host: robert, milwaukee, democratic caller. caller: i would like to say that the republican party, not all of them, i think it's just the tea party, they are destroying the republican party. when i saw senator dole in his wheelchair yesterday and military disabled individuals throughout the world, when they did not pass the ada treaty, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any of us would want to be involved with. that's all i have to
's rate of unemployment stands at a four-year low. it is now 7.7% with the economy adding nearly 150,000 new jobs last month. the numbers issued by the labor department. a loss of manufacturing jobs did serve to dampen the outlook going forward. the manufacturing sector shed 7,000 jobs last month. the positive side, again, hurricane sandy appears not to have been the job killer many had feared. the labor department says the havoc wrought by sandy had no substantial impact on the unemployment picture. with us now, jill schlessinger, editor at la w manyre the jobs aart me ,ow m t are seasonal jobs? >> not so many seasonal. we saw some broad based gains and we continue to see some really robust gains in retail, in business services, health care is really continuing to show great improvement. you mentioned manufacturing. mentioned one other area, 20,000 jobs lost in construction. that may be a little bit of sandy related. >> but also, one of the interesting things, you looked at the numbers and said there was 300,000 people that said weather did affect the job surge. why is that not con
. >> the concern people have is the world economy is in a very fragile state right now. i don't have to say what the problems of the eurozone have, they're very manifest. but the global economy as a whole, there's a lack of confidence, a worry about where it's going. so if you in america, and people have a lot of confidence in america in this regard, if you can sort out this issue, then even though that doesn't sort out all the problems of the american or global economy, it would be a big boost and give people a sense of confidence that there was -- you guys have got your act together. the decisions were being taken, and i think it will be good for you and good for us. so i hope you do it. i believe you will. i know right now there's bound to be tough negotiations. the president has been re-elected and i think that gives the situation its own special momentum. i hope you resolve it and then we're going to have to take some tough decisions over our way, too. >> very quickly. there was a cute video of hillary clinton here in washington over the weekend, and it had a clip from you in there. i'll pl
for the american economy. >> what great news, i think. don't you think so, mark mckinnon? i loved the president's tone there, talking about how a deal could be done. and i was critical of him when he did a campaign event up in philadelphia -- or pennsylvania a couple days ago when he wasn't talking to boehner. but if he's talking to boehner one on one and they're going to start this discussion, they go out and make statements publicly and then privately, i think it's a great step forward. >> i think it's a terrific development. i think that the president and boehner created a lot of chemistry over the years and that the distractions have come from other constituencies that have been in the room. i think that they both understand that this is important to both their legacies. and so they have an opportunity for them to just deal together one on one is a terrific development. >> and the president looking -- and you as a businessperson knows this, and i think we've all been in the position of negotiating and you say, okay, do we want to deal with him, or do we want to cut him out at the knees and
sounds] >> if the president really wants to avoid sending the economy over the fiscal cliff he's done nothing to demonstrate it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues it's magic beans and fairy dust. [farting sounds] >> stephanie: all right. >> fairy dust goes very well with bourbon. >> stephanie: republicans were quick to say that boehner's plan was attracting criticism from the right particularly from jim demint of south carolina, tea party leader and as such, represented more of a compromise than obama's stance. uh no! nice try. demint said boehner's plan will destroy american jobs and allow politicians in washington to spend more. oh, please we're not falling for this. they think if they criticize the plan, oh, well it must be a good compromise then. nice try! 29 minutes after the hour. spongebob squarepants tom kenny, our buddy our pal next on "the stephanie miller show." you know who's coming on to me now? you know the kind of guys w
to pay additional fees. republicans claim that that will boost the economy and jobs. but democrats are calling it an attack on workers' rights. governor rick snyder has previously said that right-to-work is not on his agenda but he does plan on sign that next week. back on capitol hill steven spielberg is slated to attend "lincoln." poems president obama is hosting the event at the capitol visitor senator. after the screening, spielberg and louis along with 3 other actors will hold a q and a session with senators and their guests. more "bill press" is coming up after our break. see you then. i want the people who watch our show, to be able to come away armed with the facts, and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. an impact beyond just informing. an impact that gets people to take action themselves. as a human being that's really important. this is not just a spectator sport. before the sneeze, help prot
's not real, even though economies predicted an increase of 93,000 and the unemployment rate holding steady at 7.9. >> yeah. >> stephanie: they are saying unemployment -- employment continueings to be held back by thor fear that the government fails to prevent the fiscal cliff, basically. one those challenges are taken care of, we expect the pace of recovery and job growth to begin to accelerate neck year said one of the key economists. and republicans don't want that. that's the problem. election season never ends for them. they are probably thinking woe can't have the economy turn around because that sets joe biden or whatever up perfectly. mickey you are on the "stephanie miller show." >> caller: howdy. i just want to say a couple of things here that are very serious. the first thing is i'm a gay man in south dakota and i work for a company -- i applied for in an ad in the paper here in my town where i live and there's a 90-day period that you have to work before you can get the job. so they worked me up to the 90th day and i was fired. and i asked why, and they said we
without raising tax rates which we believe will harm our economy. >> so could we just agree right now, everybody around the table, that both sides are talking about tax increases for the rich? >> i think so. >> it's just a difference between do you get tax increases for the rich? do you get the revenue by raising the top rate or by closing loopholes? i mean, that is where we are now in the debate, right? there is no difference of opinion. both sides agree that they're going to raise taxes on the rich. >> amount. there's a big difference on amount. you have $800 billion and $1.6 trillion. >> and people like you and i believe as well, we end up at $1.2 trillion in the end. >> here's what i don't -- i hear everybody -- the other positive is that both plans come in about $2 trillion. and the difference is $800 billion and $1.6 trillion in taxes and $400 billion and $1.4 billion respective i, democrat and republican, when it comes to entitlements. it would seem to me, if steve rattner were doing a deal and we were looking at buying or selling something, we'd be in a room figuring out how y
of their money to the federal government without raising tax rates which we believe am harm our economy. >> one conservative in the senate is breaking ranks with his party over the whole idea of raising tax rates with the party. tom coburn told msnbc today he would be okay with doing what the president wants, raising taxes on the wealthy, as long as it is coupled with entitlement reform and spending cuts. the reason we're told is because he believes at this point it's better to do that to get what he and other republicans want long term, which is a fundamental overhaul of the tax code, perhaps they can get that if they give the president what he wants now. you remember, coburn was among the first republicans a couple years ago to say it was okay to raise revenue. now he appears to be the first senate republican to say he would be okay with raising rates as long as it's part of that package we described. >> a meeting or a phone call between john boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do n
to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> what are the chances we're going to go over the cliff? >> there's clearly a chance. >> lindsey graham said the same thing yesterday, michael steele. he said he thinks we are going
and that is a game leapfrog. we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they are doing well economically because they cut, not just cut spending in the washington sense of increasing it at a slower rate they spent less one year after the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting
sickness. painful way to kickoff pregnancy giving so much pleasure to everyone else. >> when the economy is tough and times are a little tough this is news that cheers everyone up. >> british love her, it makes everybody a little happier. >> reporter: since the day they got engaged they've been talking about the importance of family. >> be able to have a happy family ourselves. >> reporter: the when was off the table when prince william sat down with katie couric in may. >> is there anything you would like to tell me? >> tight lips. >> reporter: kate toasting with water in september. last week prince william happy accepting a onesie. the clues were there, if you knew where to look. >> one of the many ways william and kate aren't that different from your average couple is the fact they got a puppy. when you -- >> reporter: kate is not one to back down from a challenge days before being admitted to the hospital she was playing field hockey in high heels. great role model for a daughter who would need to be strong. under new rules the first born will be next in line for the throne even if i
're not going to suddenly -- >> that's baked into the structure of the american economy? >> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost religious and ideological, how fervently that belief is and how common that is among people who make a ton of money. >> it's one of the few times that you find a vague semblance of ideology in these people. because they're very practical, most of the time. whatever works in terms of making money is what they'll all choose. but you're right, sometimes even when you show them the numbers and say, listen, recognizing unions, you can be more profitable overall, they don't like that. >> felix salmon, reuters finance blogger, who will be
and they're finally able to come to a deal. >> especially when you see the economy just recovering >> that's the thing. the question would be, how much harm will this do to the economy? i should say, once you see that prospect of everyone's taxes going up, i do think that no matter what, by mid-january at the latest, you will see that tax rate reinstated for most americans. >> psychological lit's causing damage. confidence drop as well because of what's going on in washington. george, thank you. >>> today on the show, we got a big show, george has two powerhouse roundtables. later this morning on "this week." >>> time now for a check of the weather with ginger dee. >> most the nation is snow-starved. overnight, we're getting our first big meal of snow that is. sacred heart, minnesota, picked over 4 inches, 4.5. these are preliminary numbers. because the snow is coming down hard. look at fargo. it's coming down an inch an hour. you know those totals are going to change and change quickly. look who's enjoying it. iowa, there, in briar cliff the kids saying, all right, it's time. one more ver
burned. >> no question about it. >> especially when you see the economy just recovering. >> that's the thing. the question would be, how much harm will this do to the economy? if you have all of these spending cuts on every government program, on top of everyone's taxes going up, i should say, once you see that prospect of everyone's taxes going up, i do think that no matter what, by mid-january at the latest, you will see that tax cut reinstated for most americans. for the bottom 98%. good, good chances the taxes are going up on the wealthy. >> psychologically, it's causing damage. confidence drop as well because of what's going on in washington. george, thank you. >> thanks for cheering us up, george. we appreciate it. >>> today on the show, we got a big show, george has two powerhouse roundtables. later this morning on "this week." >>> time now for a check of the weather with ginger. >> most the nation is snow-starved. starting yesterday, overnight, into this morning, we're getting our first big meal of snow that is. you can look at some of the places that we have here. from m
to both national and international markets. but it's already been feeling effects of the soft economy. the recent recession left many commercial buildings vacant. if more businesses go under, that means more vacancies, more job losses, possible new foreclosures, and tax revenue to the state could take a dive as well. that is where we see these ripple effects happening. >> a lot of big contracts. that makes a huge impact around here. absolutely. >> thanks, jess. >>> superstorm sandy is widely thought to have slowed the u.s. job growth last month. the only question is how much. an answer is expected to emerge from the government's job report from november which is due out today. meanwhile new jersey's governor paid a visit to president obama yesterday asking for money to help his state rebuild. the storm destroyed 80% of this sea side heights community and left the famous boardwalk in pieces. governor chris christie says it will take $37 million to rebuild that area. the president is expected to ask congress for $50 billion but that will not cover the $83 billion that new york, new jers
of the economy. we encourage our cut mir to come by during their lunch hour, when they get off of work, come by, drop off some nonperishable food items. it will help out. people are really struggling during this challenging time with the economy and food bank needs the help right now. righ >> what has been the response? >> i've been part of this since the beginning about 11 years ago and each year, it just seems to get bigger and bigger. the response seems to get big are and bigger. i know last year, we collected over 60,000 pounds of food. we've got 12 other satellite locations this year where customers can come by and drop off food items. so i think we'll even increase the am this year over last year. >> okay. all right. thank you very much for coming out and talking with us. we appreciate all your efforts from giant as well. this is, as i said, a very worthy cause. we have all kind of entertainment out here. we have jazz musicians and the dancers out here. we'll be here throughout the morning. back to you in the studio. >> that is a good way to keep warm. >> that is the way to do it. >> than
personal terms. obviously would also have an impact on our economy because if this family has a couple thousand dollars less to spend, that translates to $200 billion of less consumer spending next year. >> reporter: now, the president said that this is a solvable problem. he remains optimistic. he says that there needs to be some certainty for families who are concerned about their taxes going up, for businesses who are making plans about whether they'll add investments or add employees in 2013, so he's pushing congress to act, wolf. but i can tell you that republicans simply are not seeing eye-to-eye with the president. they also don't want to budge, don't believe the taxes should go up even on the wealthiest of americans, wolf. >> i know they had a phone call -- a phone conversation yesterday the president and house speaker john boehner, has there been any follow-up that we know of? are they talking on the phone? are they gearing up for an actual meeting? john boehner staying in town while this crisis continues. >> repr: that's right, lf. he is. and we are told that no additional ca
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